Ah the old over night ramp lives on......Never a down day in the land of perfect...where stocks only rise and never fall to far.
Ok people you know the drill...AT THE SESSIONS HIGHS DURING LUNCH.....same thing over and over and over.
WERE AT THE SESSION HIGHS CRY'S CNBC....MARKETS JUST SHY OF THERE ALL TIME HIGHS... UNEMPLOYMENT 4.7%....INTEREST RATES ZEROOOOOOO.....COMPLETE DISTORTION OF NORMAL MARKETS......
10 years later, Rickshaw will be saying the same thing about sessions highs. S2007 will say if FOMC raises rates, markets will already crashed. NineEnder will say, STFU, markets have not crashed. FOMC could have should have.
We can fully automate this site to have each user post the same thing at regular intervals. That way, no one has to even type.
I just want the fed to stop playing games....show me a real economy with true organic growth...we all know that's impossible since the fed controls the markets...you do realize that if trillions of dollars didn't pour into this market over the last 7 years that GDP growth would be most likely negative 2-3% year over year ...probably even worse...the only reason why the markets are still in party mode since 2009 is because of Central banks. If they didn't come in and prop everything up my predictions would have been real..but in these new economies there is no such thing as recessions. Little do they know that recessions are actually healthy and necessary in economic cycles, but they will keep on pumping up the economy to keep avoiding whats eventually going to happen anyway and that's just another crisis in due time...the fed and central banks are creating the next crisis...just give it time...the party is still 7 years strong...just keep in mind parties always end on wallstreet and this one will end just like the rest of them...
Yea I just like to post my opinions...I guess it is what it is. Some of my posts are sarcastic and some are real.
Remember the market can stay irrational a lot longer than you can remain solvent. So why fight it? DRIP is currently at 5.69 so your averaging down means you are down 18% on the trade. Do you even have a risk tolerance or stop loss? Seriously, I am trying to help you. Why fight the tape? Go back and look at how your "chicken little... the sky is falling " beliefs have performed over doing the exact opposite. Do you even have a signal that tells you to get in or out or are you just trading on emotions and what you THINK the market SHOULD do? How are you measuring risk and protecting your capital? It appears you have no such rules. If not, you should stop trading and paper trade. You just seem to be making the same mistakes over and over.
Don't worry the overnight gang will keep juicing the indexes higher, buy month end we will be at all time highs.Buy the dips make free money during this risk free environment. ZERO RISK=FREE MONEY $$$$$$$$$$$$$$$$$